Wooden Mackenzie says 96% of US grid-scale storage deployments within the third quarter came about in Texas and California.
From pv journal USA
Grid-scale storage set one other report quarter for deployment, with 4.7 GWh of installations within the third quarter, constructing on the earlier report of 4.6 GWh set within the first quarter of 2021, based on Wooden Mackenzie. That is sufficient battery storage to energy 150,000 properties per day.
“Demand for grid-scale and residential storage segments continues to extend, regardless of rising prices and lingering provide chain challenges,” stated Vanessa Witte, a senior analyst in Wooden Mackenzie’s vitality storage staff. .
The market is more and more consolidated for grid-scale storage, with 96% of whole capability this quarter put in in California and Texas, that are additionally the most important markets for utility-scale photo voltaic. Entrance-of-the-meter grid-scale storage is extra concentrated in these markets than behind-the-meter residential vitality storage.
“California’s reliance on vitality storage to satisfy the very best demand on report this September exhibits why it’s completely important that policymakers and grid operators take away limitations to provide to make sure reliability,” he stated. by Jason Burwen, vp of vitality storage for the American Clear Energy Affiliation.
Forecasts for 2022 to 2026 elevated by 109% quarter on quarter, with the US market anticipating round 65 GW throughout this era. Grid-scale installations are anticipated to account for 84% of that capability.
“Put in capability is anticipated to double subsequent 12 months, pushed by new grid-scale venture bulletins and elevated residential and non-residential quantity in CA because of the introduction of a group photo voltaic program and NOT 3.0,” stated Witte.
Residential vitality storage additionally loved a report quarter, with 400 MWh put in, surpassing the earlier report of 375 MWh from the second quarter of 2022. California, Puerto Rico, Hawaii, and Texas market chief. Wooden Mackenzie^ expects this section to develop to 2.2 GW by 2026.
In the meantime, group, industrial, and industrial storage had one other quarter under expectations, with 56.6 MWh put in within the third quarter. Wooden Mackenzie stated it expects this section to develop as properly, benefiting from demand within the residential and grid-scale segments.
The pattern of venture delays because of provide chain constraints continues to restrain development within the close to time period, however 2022-28 interconnection queues elevated 120% quarter on quarter.
“Some builders are contemplating delaying tasks to 2023 to obtain tax credit from the Inflation Discount Act, however this solely applies to a portion of the tasks,” Witte stated.
Witte stated provide chain points and interconnection queue backlogs may push venture installations forward of forecast. Consequently, Wooden Mackenzie raised its 2024-2026 projections by 9% to 13% yearly.
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